This morning, my wife and I took off in our love mobile. By the time you read this, we’ll be on our way to Orlando, Florida. We’ve converted a Chevy Express into a tiny RV. From Orlando, we’ll head north to Pennsylvania before returning to the south again late summer.
Now to the news …
Crypto Is Living La Vida Loca
The cryptosphere is ecstatic this week on the news that both bitcoin and ether hit new all-time highs.
Coinbase IPOd two days ago and BTC soared to $64K the night before while ETH bounced up to $2,400 for a brief moment.
Forbes has the low down on factors driving up the price of Coinbase stock. The company is now valued at $86 billion. One investor calls the crypto exchange “the new Google.”
As the Bank of Japan (BOJ) begins to tinker with a central bank digital currency (CBDC), Sweden considers one for five years out. Meanwhile, a BOJ representative says China’s CBDC will not topple the U.S. dollar so easily.
Blockcap, a bitcoin mining company, is moving from Las Vegas to Austin, Texas.
The New York Stock Exchange is getting in on the NFT action. They’re planning to roll out non-fungible tokens to commemorate the first trades on six major companies including Spotify, Roblox, and DoorDash.
A burger joint in Florida is now offering beer for Dogecoin. But Turkey, the country, is banning cryptocurrencies for the purchase of goods and services. One 200-year-old American winery is saying “yes” to crypto.
An article in Newsweek reports that most crypto investors believe it will make them rich. Are you one of them?
Meanwhile, Ripple’s CTO advises investors to reduce their investments.
And if you’ve been wondering why Steemit still pisses me, even though it’s been more than a year since I’ve posted there, let me tell you.
Next week, I hope to put out another issue of Cryptocracy, but I’m attending a writer’s conference in Orlando so … time permitting, you’ll catch me from the road.
See ya soon!
Allen Taylor is a veteran award-winning journalist and former newspaper editor. He is a freelance writer focused on fintech, including blockchain and crypto projects, and manages crypto blogs through CryptoBloggers. Let’s connect on Twitter. He is currently writing a book about where crypto intersects with social media.